XML 88 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 170,405 $ 241,452
Restricted cash 20,000 20,000
Accounts receivable 18,976 19,748
Prepaid & other current assets 62,356 21,964
Total current assets 271,737 303,164
In process R&D 1,101,760 1,101,760
Goodwill, net 5,988,230 12,071,376
Investment in GMP Bio at fair value 22,653,225 22,640,519
Total assets 30,014,952 36,116,819
Current liabilities:    
Accounts payable and accrued liabilities 2,437,321 2,510,864
Contingent consideration 2,625,000 2,625,000
Derivative liability on notes 423,214 198,140
Convertible and short-term debt, net of costs 8,066,957 10,091,923
Convertible debt and short-term debt - related party, net of costs 2,608,356 1,165,048
Total current liabilities 16,504,947 16,923,407
Convertible long-term debt, net of costs 1,898,468
Total Liabilities 18,403,415 16,923,407
Commitments and contingencies (Note 13)  
Stockholders’ equity:    
Common stock, $.01 par value; 750,000,000 shares authorized; 399,184,128 and 391,846,880 issued and outstanding, respectively 3,991,839 3,918,469
Additional paid-in capital 41,655,026 41,416,632
Accumulated deficit (33,516,736) (25,926,069)
Total Oncotelic Therapeutics, Inc. stockholders’ equity 12,130,129 19,409,032
Non-controlling interests (518,592) (215,620)
Total stockholders’ equity 11,611,537 19,193,412
Total liabilities and stockholders’ equity 30,014,952 36,116,819
Related Party [Member]    
Current liabilities:    
Accounts payable - related party $ 344,099 $ 332,432